What a week-CPI, Core CPI, Housing Starts, and Mortgage Applications were all reported this past week. And, let’s not forget what is most needed, jobs. Though Initial Jobless Claims went down, this weeks MMG looks deeper into the numbers.
This coming week will be short but busy! We start the week off with Existing Home Sales and end on Wednesday with New Home Sales. This will show whether homebuyers are jumping in to receive the HomeBuyers Tax Credit. Don’t know if you are a First Time Homebuyer or a Move-up Buyer? Check out my Home Buyer Tax Credit fact sheet.
Also this week, the Treasury will be holding auctions each day, $44B 2-Year Notes on Monday, $42B in 5-Year Notes on Tuesday and $32B in 7-Year Notes. Can the market digest this enormous amount of supply? We will report on this on twitter @mmtgsolutions .
Besides going deeper into the Initial Jobless Claims, this week’s MMG Week in Review has a great article on Thanksgiving.
You can also check out the Daily Rate Lock Advisory each day. This report normally comes out around 10am.
And as always, I will report daily on twitter @mmtgsolutions on the mortgage interest rates and what to expect for the day.If one of these reports moves the market in a significant manner, I’ll write about it here.
Please remember, I welcome your comments to this and my other posts. Have an inspired week and a great Thanksgiving weekend.
Betsy Moore
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